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Planet Morning Brief: Trump's Tax Reform Approved, Cetus Hacker Incident, and Crypto Market Dynamics

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Odaily
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May 22, 2025

1. Trump's tax reform bill narrowly approved in the House of Representatives; 2. U.S. senators propose amending the GENIUS Act to restrict the Trump family from profiting from stablecoins; 3. Opponents of Trump gather outside his dinner event to protest; 4. U.S. Vice President Pence to speak at the "Bitcoin 2025" conference; 5. $Sui ecosystem tokens experience a collective flash crash, community rumors suggest CETUS LP was attacked; 6. Cetus hacker has stolen over $200 million and begun transferring USDC; 7. James Wynn goes long 3.30 million $SUI with 10x leverage, position valued at $13.22 million; 8. Cetus: Negotiating with hackers for asset return; 9. Cetus: Attackers stole approximately $223 million, of which $162 million has been successfully frozen; 10. Upbit temporarily suspends deposits and withdrawals of $Sui Network digital assets; 11. SlowMist Cosine: The unfrozen funds from the Cetus hacker have mostly been converted to ETH, totaling 23,243 ETH; 12. Latest details disclosed on Aethir node repurchase plan, eATH will serve as proof to participate in Aethir Season 2 & 3 AirDrop; 13. U.S. initial jobless claims for the week ending May 17 at 227 thousand, expected 230 thousand; 14. Federal Reserve Governor Waller: If tariffs decrease, Fed is expected to cut rates in the second half of 2025; 15. U.S. SEC delays decision on the 21Shares spot Ethereum ETF staking plan; 16. $Sui ecosystem DEX Bluefin: Spot trading services suspended for security reasons, platform remains secure; 17. Bitget: OnChain trading delay issue resolved, compensation will be provided to affected users; 18. Jupiter announces launch of lending product "Jupiter Lend" in July; 19. Wormhole announces introduction of DOGE with a market cap of $35 billion into Solana ecosystem; 20. Centrifuge introduces $400 million U.S. Treasury fund RWA into Solana; 21. Europe's first Bitcoin reserve company Blockchain Group purchases 227 $BTC; 22. Stablecoin cross-border transaction startup OpenFX completes $23 million financing led by Accel; 23. Bitcoin project Roxom Global completes $17.90 million financing with participation from Borderless Capital and others; 24. Viewpoint: $BTC rises to all-time high partly due to investors seeking U.S. asset alternatives; 25. Bitwise: U.S. stablecoin legislation may trigger a long-term bull market, benefiting assets like ETH and SOL; 26. Standard Chartered analyst: $BTC may reach $200,000 by year-end and $500,000 by 2028;

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